The company that holds the mortgage on the Freeport Village Center bought the 3.6-acre complex after the auctioneer received only one bid for $5 million, well below the $32.5 million assessed value.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State, News, Politics
Maine Senate passes food scraps disposal ban
The measure would require commercial and industrial-scale food waste producers to donate their edible leftovers and recycle what remains.
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Posted inBusiness
Wall Street rises to recover some of its losses from its worst day in weeks
In stock markets abroad, indexes were mixed with mostly modest moves across Europe and Asia.
Posted inBusiness, Local & State, News
Watch the former Otis Mill tower collapse in Jay
The tower that had International Paper Co. 1906 on the roof has stood for more than 100 years at the now defunct Otis Mill in Jay.
Posted inBusiness, Local & State, Politics
Legislature considers limiting seizure of private land to build power lines
It’s one of several proposals being negotiated as lawmakers seek middle ground between developers of transmission lines and property owners whose land would be impacted.
Posted inBusiness, Nation & World, News
Powell reiterates Fed needs more confidence on inflation to cut
Federal Reserve Chair Jerome Powell is on Capitol Hill for the first of 2 days of his semiannual monetary policy testimony and is scheduled to appear before the Senate Banking Committee on Thursday.
Posted inBusiness, Nation & World
SEC scales back new pollution-disclosure rules for companies
Companies will have to disclose climate risks that could harm their operations or financial conditions, such as those caused by rising sea levels, hurricanes, droughts, or wildfires.
Posted inArts & Entertainment, Business
How Netflix survived the streaming wars to stay subscription video king
Netflix has managed to maintain its position as the leader in subscription streaming, with 260 million paying customers worldwide, far more than its direct competitors.
Posted inBusiness, Local & State, News
Maine compromise would exempt some industries from ban on ‘forever chemicals’
The chemicals, known as PFAS, are contained in a wide variety of industrial and consumer products.
Posted inBusiness, Nation & World, News
Court rules Florida’s ‘stop woke’ law restricting business diversity training is unconstitutional
A federal appeals court has ruled that a Florida law pushed by Republican Gov. Ron DeSantis that limits diversity and race-based discussions in private workplaces is unconstitutional.